World Politics

[redtreviso]

Twelve Corporations Pay Effective Tax Rate of Negative 1.5% on $171 Billion in Profits; Reap $62.4 Billion in Tax Subsidies

Analysis: 12 Corporations Pay Effective Tax Rate of Negative 1.5%
on $171 Billion in Profits; Reap $62.4 Billion in Tax Subsidies
Exxon Mobil, Boeing, Verizon, Others Illustrate Why Revenue-Raising Reform is Needed

http://ctj.org/ctjreports/2011/06/twelve_corporations_pay_effective_tax_rate_of_negative_15_on_171_billion_in_profits_reap_624_billion.php

 

[redtreviso]

Little wonder how foxnews gets the scotties of the world to poodle for them..

""It's Hot! But Fox Only Talks About Global Warming When It's Snowing

With an unusually intense heat wave sweeping the nation, Fox News has been silent on global warming, which scientists say makes heat waves like this one more likely. By contrast, Fox News repeatedly used winter storms to mock global warming -- one of several problems with Fox's coverage of climate change highlighted in a new mini-documentary by Media Matters Studios:

Most flagrantly, Fox Nation and Fox News personalities Sean Hannity, Glenn Beck, Gretchen Carlson, Steve Doocy, Stuart Varney, and Eric Bolling all seized upon the February 2010 blizzard to mock Al Gore and suggest that the storm undermines the science supporting global warming. That same winter, Fox News Washington managing editor Bill Sammon ordered the network's journalists to cast doubt on climate change data.

In reality, that winter included "the eighth warmest December" since records began in 1880, the "fourth warmest" January, and the "sixth warmest" February according to global temperature data from NOAA. 2010 tied for the warmest year on record, and 2000-2009 was by far the warmest decade on record.

Over the past week, Fox News has not mentioned human-induced climate change or global warming while reporting on or discussing the current heat wave, according to a search of Snapstream video and Nexis transcripts.
""

http://mediamatters.org/blog/201107200009

 

[redtreviso]

The church of Palin, Bachmann and the GOP..

http://www.frontiersman.com/articles/2011/07/20/faith/doc4e25134ce5b39386703783.txt

 

[Alpe d'Huez]

That's pretty funny. I used to where at a place where this one guy, crippled I might add, blared Limbaugh all day on his radio and pontificated about the evils of all things not wingnut. He was worthless as an employee, and usually when you walked by his office he was dozing off lol.

Ha! I'd find it more amusing except this is basically my uncle. He's now elderly, made some terrible business and financial decisions and is now on a fixed income of SS. He sits around and listens to Rush and agrees with the Tea Party. It fuels his anger, and sadly, his bigotry. Never mind the fact that if it weren't for Medicare, or SS, or if he got a voucher only, he'd be bankrupt like six times over and would have long ago lost his house.

Twelve Corporations Pay Effective Tax Rate of Negative 1.5% on $171 Billion in Profits; Reap $62.4 Billion in Tax Subsidies

That's a stunning fact. Even Scott's taxation on profit plan would be much better than this. Certainly much more fair. Then again, maybe some of these corporations are declaring they had no profit at all..?

 

[redtreviso]

That's a stunning fact. Even Scott's taxation on profit plan would be much better than this. Certainly much more fair. Then again, maybe some of these corporations are declaring they had no profit at all..?

Many of them do exactly that.. They pay their board of directors big bonuses and finally expense their gifted stock options and only have a pittance left that is taxable..and that is just a token gesture.

 

[richwagmn]

The church of Palin, Bachmann and the GOP..

http://www.frontiersman.com/articles/2011/07/20/faith/doc4e25134ce5b39386703783.txt

I find Bachmann entertaining. You never know which of the voices in her head will be doing the speaking today.

And Caribou Barbie and her hillbilly family. WTF?

 

[richwagmn]

The church of Palin, Bachmann and the GOP..

http://www.frontiersman.com/articles/2011/07/20/faith/doc4e25134ce5b39386703783.txt

Wow, just read the article. Stunning.

 

[redtreviso]

I find Bachmann entertaining. You never know which of the voices in her head will be doing the speaking today.

And Caribou Barbie and her hillbilly family. WTF?

Ever wonder why Caribou Barbie speaks with a minnysoota accent? The Wasilla area is very populated with minnesota people who were paid by ROOSEVELT to go settle there during the depression.. Their entire Alaska experience is a gift from the Federal Government and a Democratic President..

 

[richwagmn]

Ever wonder why Caribou Barbie speaks with a minnysoota accent? The Wasilla area is very populated with minnesota people who were paid by ROOSEVELT to go settle there during the depression.. Their entire Alaska experience is a gift from the Federal Government and a Democratic President..

I believe Alaskans receive more in federal aid per capita than any other state. Ironic isn't it?

http://economix.blogs.nytimes.com/2010/08/31/states-that-received-the-most-federal-funds/

They shouldn't bite the hand that feeds them.

 

[Alpe d'Huez]

 

[patricknd]

don't be mean to red, he has two of those

 

[rhubroma]

Many of them do exactly that.. They pay their board of directors big bonuses and finally expense their gifted stock options and only have a pittance left that is taxable..and that is just a token gesture.

And who thought democracy would bring about a new, and more equitable society?

It's called classism, which means some enclaves and groups are more protected than the others. Naturally I find this obscene and indecent that the major part of all the industrial and financial catastrophes (as in the present case) always end up falling square upon the backs of workers and the employed; and not on those who were guiding the ship.

Still worse, I can add that in certain cases some managers receive considerable financial awards where ever they are successful in firing and in reducing labor costs - the crisis for them thus becomes an occasion for more earnings, other's disgrace is a path toward their opportunity and advantage.

Even if we don't want to take this into the political realm, which doesn't bear thinking about, it's sufficient to remember the old mariners code of honor: when the boat is sinking, the captain goes down with the ship.

In our industrial and financial market worlds, the captain and his officials are the first to put themselves on the life boats.

 

[ChrisE]

don't be mean to red, he has two of those

He has the one with the anatomically correct orifices.

 

[patricknd]

He has the one with the anatomically correct orifices.

it's nice that he has someone

 

[gregod]

I find Bachmann entertaining. You never know which of the voices in her head will be doing the speaking today.

And Caribou Barbie and her hillbilly family. WTF?

that is why i am going to vote for her if she makes it to my state's primary. but then again, i don't live in the US. if she is elected, i can what the train wreck from a safe distance.

 

[rhubroma]

The church of Palin, Bachmann and the GOP..

http://www.frontiersman.com/articles/2011/07/20/faith/doc4e25134ce5b39386703783.txt

It never ceases to amaze me how some people have convinced themselves that they have found all the answers, indeed all possible explinations and reasons, from one book.

While they use this book to extinguish themselves as human beings, to turn themselves into unthinking people who have no will of their own and whom their ministers insolently call the faithful.

And we the lost.

 

[Alpe d'Huez]

don't be mean to red, he has two of those

LOL!

Rather disturbing link, but I didn't get any indication that was Palin's church? I'd be curious to know just how big his parish is? This looks like one lunatic with some followers making some noise.

 

[Amsterhammer]

Read this and weep....

http://www.theatlantic.com/politics...y-all-discussions-of-the-debt-ceiling/242484/

Tea baggers, Texans, SoCal-ers and other Dubya fans will no doubt dis-believe these figures.

 

[Semper Fidelis]

Read this and weep....

http://www.theatlantic.com/politics...y-all-discussions-of-the-debt-ceiling/242484/

Tea baggers, Texans, SoCal-ers and other Dubya fans will no doubt dis-believe these figures.

What makes you want to make a broad sweeping statement about ALL the Texans, and people from Southern California? That seems a bit xenophobic. Not everyone in Texas and SoCal think that the debt ceiling should not be raised. Also you are calling people names by using that term "tea baggers" that is insulting and rude in my opinion.

So sad because your graph is very informative and you’re name calling takes away from the effect of the NYT message.

 

[patricknd]

What makes you want to make a broad sweeping statement about ALL the Texans, and people from Southern California? That seems a bit xenophobic. Not everyone in Texas and SoCal think that the debt ceiling should not be raised. Also you are calling people names by using that term "tea baggers" that is insulting and rude in my opinion.

So sad because your graph is very informative and you’re name calling takes away from the effect of the NYT message.

it doesn't take away from the message, it just makes him look like an idiot.

 

[usedtobefast]

Read this and weep....

http://www.theatlantic.com/politics...y-all-discussions-of-the-debt-ceiling/242484/

Tea baggers, Texans, SoCal-ers and other Dubya fans will no doubt dis-believe these figures.

don't paint me with that crap. most people here hate that stuff.

 

[Alpe d'Huez]

First, Southern California is probably about 70% liberal Democrat, though I could be wrong. So Cal Scott (who is on hiatus, status of return unknown) is also anything but a Tea Party conservative. There's also a few blue spots in Texas as well. The major cities are maybe 45% Democrat, and there's a very independent streak along the deep south that voted for many moderate/conservative Democrats in the past. The states of Idaho, Utah, Oklahoma and possibly Wyoming are all more Republican than Texas, and certainly the southern half of California.

Second, while that chart is somewhat telling, it's hare to predict the future. One can stick out all those numbers, and if we're going to look at another 4 years of recession with low wages and high unemployment, it won't mean very much.

Then again, if you look at that chart and extrapolate what has changed, it's really very little. Most of the taxes are still the same. The wars are still going on. Most of the spending is still the same. The health care reform "Obamacare" has hardly taken effect. We're basically doing pretty much what we did when Bush was President. So the results are pretty much the same. Granted, one could argue Obama is being railroaded by the Republicans, but at the same time, he's still the President. It's still his watch.

So until we see some actual shift, to where working people aren't so continually broke, it won't mean much.

 

[Amsterhammer]

Get a grip, guys! My generalization was intended to be tongue-in-cheek, though I probably didn't make that as clear as I should have done. I am perfectly aware that not all of Texas or SoCal is inhabited by economic reactionaries. The trouble is that these fiscal neanderthals have, via this insane Tea Party movement, led the US to the brink of an economic abyss that affects the rest of the world too. People who are unable to do (relatively) simple arithmetic are holding the rest of us to ransom purely to protect outrageous tax breaks for the super rich and major corporations. It truly beggars belief.

"Were I advising a low-income country that had no choice but to listen to my advice, I would have a simple message: "You got into this mess by passing huge tax cuts over the past 10 years and starting two wars that clearly have gone as far as they are going to go in terms of achieving your goals. So just let those tax cuts expire next year and end the two wars, and you will have done more to reassure long-term investors than anything else you could possibly do. That will give you the room you need to make investments to start growing again."

But though Senate Majority Leader Harry Reid's plan does count savings from winding down the wars, House Speaker John Boehner's doesn't, and letting the Bush tax cuts expire doesn't seem to even be part of the discussion. You have to wonder why."

(my bold)

Steven Kyle - Professor of applied economics in the Dyson School of Applied Economics and Management at Cornell University.

http://edition.cnn.com/2011/OPINION/07/29/kyle.default.consequences/index.html?hpt=hp_c2

 

[ChrisE]

.....Then again, if you look at that chart and extrapolate what has changed, it's really very little. Most of the taxes are still the same. The wars are still going on. Most of the spending is still the same. The health care reform "Obamacare" has hardly taken effect. We're basically doing pretty much what we did when Bush was President. So the results are pretty much the same. Granted, one could argue Obama is being railroaded by the Republicans, but at the same time, he's still the President. It's still his watch.

So until we see some actual shift, to where working people aren't so continually broke, it won't mean much.

All of the taxes are the same. Wars have been expanded, civil rights of those accused have been further eroded. Zero has taken place in terms of accountability of past wrongdoing by the govt. Zero has taken place in terms of corporate regulation reforms that started this mess. Zero has taken place in terms of even handed environmental policy. Zero has taken place in terms of sane discussion about infrastructure. Etc, etc.

Yet, Obama ran on all of these things. He an opportunist, an empty coat duping people into thinking he was a centrist that could bring sanity back into the discussion and turn the country back on a right track from the last 8 years. He is nothing more than a coward, fitting right into the basic fabric of the democratic party. Or, he actually believes more in the Republican version of govt than he lets on in his speeches (not his actions) thus he is a liar. I told you upthread I will no longer vote for these cowards or people like Obama that try to trick people into believing they are something they are not. Dems are complicent in this mess.

If I was advising the dem party, I would tell them to promote the exact opposite of what they want. If Obama came out and embraced all of what the nutjob teaparty clowns claim to be for, they would all of a sudden be against it. I wonder why that is?

This whole issue is nothing more than partisanship fueled by racism, funded by the military industrial complex and other monied interests. These teaparty clowns benefit from these taxes and yet they are clueless to the extent. All they see are "minorities" getting a free ride, which is a flat out lie in terms of who does or doesn't pay taxes. Inconvenient truth. Useful idiots voting against their best interests because of racism in 2011 USA. Go figure.

 

[ChrisE]

But though Senate Majority Leader Harry Reid's plan does count savings from winding down the wars, House Speaker John Boehner's doesn't, and letting the Bush tax cuts expire doesn't seem to even be part of the discussion. You have to wonder why."

You wonder why. I won't. I know exactly why.

Just like it will be painted as a "tax increase" when the FICA tax is supposed to return to normal levels next year, and the dems will pis in their panties and cave. It will not happen, thus the back door demise of SS that has long been the goal of the right for 75 years, happily delivered to their doorstep by a democratic president and a party that doesn't fight for what it pretends it believes in.

Now, this is all ****ing me off, so I'm going outside at the crack of dawn and washing my car. Alpe, this is where I sign off for a few days lol.